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The Role of the Government in pharmaceutical PricingPharmaceutical companies ofttimes stretch prices that are much higher than the apostrophize of production of medicines , in time the life obstetrical delivery kind . The profit earned by a pharmaceutical company is calculated by subtracting the cost of production from the price multiplied by quantity sell ( Price Controls 2007 . The fact that the profit margin of the pharmaceutical companies is often too high is a cause of concern in particular for those who cannot afford adequate wellness care . Ethics fill of the health care and the pharmaceutical industries to turn away their prices so as to make health care , including medicines , easily available to whole (Rosen , 2007 . At the same time , the Congress has experienced that the health care and pharmaceutical industries should not be forced to lower their prices via price controls that feed been introduced in many foreign markets for pharmaceuticals . The agreement why the United States would not introduce price controls to crack pharmaceutical prices is that the profits earned by the pharmaceutical businesses service of process in research and development - of the essence in this assiduity ( Pharmaceutical Price 2003Yet , the Congress contains the power to lower the prices of pharmaceuticals by applying a different method altogether . Price controls have the potential to slack up down growth in the pharmaceutical industry . But , subsidies on pharmaceuticals will not slow down research and development in the industry . As a matter of fact , subsidies for pharmaceutical companies may really well be targeted for research and development .

Price controls may be introduced to complement the subsidies , however . With price caps that would not tolerate the prices of medicines to increase beyond control , especially the life saving medicines and subsidies to help the pharmaceutical industry in continuing its progressive work to benefit society at large the administration would find itself in an excellent position to care for the health of all AmericansReferencesPrice Controls on Pharmaceuticals (2007 . Marginal Revolution Retrieved 23 whitethorn 2007 , fromhttp /www .marginalrevolution .com /marginalrevolution /2007 /02 /price_contr ols_ .htmlPharmaceutical Price Controls Abroad : An Unfair Trade constitution (2003 November 6 . Retrieved23 May 2007 , from http /rpc .senate .gov /_s /hc110603 .pdfRosen , Leah J (2007 . Are Pharmaceutical Prices Just ? A Discussion of Business , Values , andEthics . Pharmalicensing . Retrieved 23 May 2007 , from http /pharmalicensing .com /articles /disp /_406814b87105dPAGEPAGE 2...If you want to get a extensive essay, order it on our website: Orderessay

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